MTI Wireless Edge Ltd. (MWE)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

 46.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 54.00
  • 52 Week Low: 31.00
  • Currency: UK Pounds
  • Shares Issued: 87.86m
  • Volume: 141,097
  • Market Cap: £40.41m
  • RiskGrade: 267

MTI Wireless Edge gets orders for new 5G antenna solution

By Josh White

Date: Monday 17 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Communications and radiofrequency technology company MTI Wireless Edge announced new orders for its antenna division on Monday.
The AIM-traded firm said the orders, worth around $0.65m, were for its 5G backhaul antenna solution, and would be supplied this quarter.

It said the orders came from an existing customer, to be deployed in India.

"We have been waiting for the 5G backhaul market to accelerate its deployment and we now see more opportunities in the market," said antenna division general manager Dov Feiner.

"It is clear that India is going to be the most significant initial market for the solution, but we also see demand from other territories."

Feiner said MTI believed it currently offered "the most comprehensive solutions" in the market, including flat antennas, single-band, dual-band and automatic beam-steering antennas, as it worked closely with "leading" original equipment manufacturers.

"These orders represent our first significant orders for immediate deployment and we are excited by the opportunity ahead of us."

At 1419 BST, shares in MTI Wireless Edge were up 1.1% at 45.49p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MWE Market Data

Currency UK Pounds
Share Price 46.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 54.00
52 Week Low 31.00
Volume 141,097
Shares Issued 87.86m
Market Cap £40.41m
RiskGrade 267

MWE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.72% below the market average67.72% below the market average67.72% below the market average67.72% below the market average67.72% below the market average
73.91% below the sector average73.91% below the sector average73.91% below the sector average73.91% below the sector average73.91% below the sector average
Price Trend
6.17% below the market average6.17% below the market average6.17% below the market average6.17% below the market average6.17% below the market average
15.38% above the sector average15.38% above the sector average15.38% above the sector average15.38% above the sector average15.38% above the sector average
Income
51.83% above the market average51.83% above the market average51.83% above the market average51.83% above the market average51.83% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Growth
43.16% below the market average43.16% below the market average43.16% below the market average43.16% below the market average43.16% below the market average
68% below the sector average68% below the sector average68% below the sector average68% below the sector average68% below the sector average

MWE Dividends

  Latest Previous
  Final Final
Ex-Div 21-Mar-24 23-Mar-23
Paid 11-Apr-24 06-Apr-23
Amount 3.10¢ 3.00¢

Trades for 28-Mar-2024

Time Volume / Share Price
12:31 30,409 @ 45.14p
14:27 1,000 @ 45.24p
13:12 15,000 @ 46.25p
14:03 4,641 @ 45.25p
13:55 150 @ 46.34p

MWE Key Personnel

CEO Moshe Borovitz

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